Ethiopian cuisine has been brought to Wellington by former refugees. SAPEER MAYRON reports on the latest in a string of eateries. The post LISTEN: Capital’s foodies embrace Ethiopia appeared first on NewsWire.co.nz.

Claims of 9 years of undervaluing and underfunding teachers are behind a series of meetings around the country this week. The meetings, run by New Zealand Educational Institute Te Riu Roa, offer teachers and principals a chance to discuss pressing issues such as teacher shortages and inadequate resources. National Executive member Liam Rutherford says change […]

The Washington Post has a story about how Congress is debating legislation whether to regulate derivatives.

The legislation includes establishing a single agency to oversee credit and mortgage lending, to give the Federal Reserve new powers, and to tighten regulations over a host of financial firms and practices:

The Obama administration formally proposed legislation on Tuesday to regulate exotic financial instruments known as derivatives, the final piece of the broad rework of financial regulations to be delivered to Congress. READ MORE.

A follow up story by Reuters about the Commodity Futures Trading Commission’s process and plans for regulating excessive speculation in the commodity market.

For those who have not been following this story, the CFTC’s moves are part of the Obama administration’s plans to tighten U.S. financial regulation and prevent another banking and market crisis. Critics have argued the global financial meltdown over the past several months was caused by laxity in the financial markets:

The Commodity Futures Trading Commission will move aggressively to rein in excessive speculation in energy and commodity markets by focusing on expanding its existing authority and could have new regulations in place by late October.

Bart Chilton, one of five commissioners at the CFTC, said he could not predict what the agency will do, but he would like to see the proposed rules issued in September, then implemented by late October or November after a period of public comment. READ HERE

As a keen supporter of tighter regulation on the commodity exchnge, Commodify Me! will be following the develpoments of this story with great interest and will be providing comment once details of the CFTC’s plans are a little clearer.